Tail risk killers how math, indeterminacy, and hubris distort markets
The world does not unfold according to a fixed set of rules. It is a dynamical system whose evolution looks like a bell curve with fat "tails." The same is true of financial markets. However, every day we rely on the certainty and precision of mathematical strategies that assume the contra...
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| Format: | eBook |
| Language: | English |
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New York
McGraw-Hill
2012
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| Collection: | O'Reilly - Collection details see MPG.ReNa |
| Summary: | The world does not unfold according to a fixed set of rules. It is a dynamical system whose evolution looks like a bell curve with fat "tails." The same is true of financial markets. However, every day we rely on the certainty and precision of mathematical strategies that assume the contrary to control and grow wealth in markets. Tail Risk Killers shows you how the rigidity of model-based thinking has led to the fragility of today's global financial marketplace, and it explains how to use adaptive trading strategies to mitigate risk in impending market conditions |
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| Physical Description: | 1 volume illustrations |
| ISBN: | 0071784918 9780071784917 128339572X |